Milliken Announces Acquisition of Zebra-chem, Invests in Peroxide Masterbatches to Drive Growth in Recycled Plastics

Spartanburg, SC — Milliken, a globally diversified manufacturer with more than a century and a half of materials science expertise, has officially acquired Zebra-chem LLC ("Zebra-chem"), a global Chemical companies are known for developing peroxide masterbatches and blowing agent masterbatches

Halsey Cook, President and CEO of Milliken & Company, said: "Miliken & Company's long-term commitment to innovation and sustainability has prompted us to think about how to address many of the important challenges facing society today, such as how to be effective in production.

Headquartered in Bad Bentheim, Germany, Zebra-chem has an industry-renowned portfolio of blowing agent masterbatches and peroxide masterbatches for a wide range of thermoplastics and engineering plastics

Wim Van de Velde, vice president of Milliken Chemical Europe, Middle East and Africa, said: "Zebra-chem's leading position in the European market will benefit Milliken leveraging its existing innovation platform, global business network and specialized commerce capabilities, and improve and upgrade production levels through recycled plastics, thereby accelerating the introduction of market solutions

The combined strengths of Milliken and Zebra-chem can help develop solutions that speed up plastic recycling and improve recycled plastics

During Zebra-chem's integration with Milliken, day-to-day operations of both parties will continue, and relationships with existing suppliers and customers will not be affected

Jones Day represented Milliken in the acquisition transaction, and BDO served as Milliken's financial advisor in the acquisition